Update: $79K
UPDATE:
Credit Cards:
Chevron $2,313
Capital 1 $3,959
Amazon $3,753 (down by $2,812 since May 26th update)
Non-Card Debt
Car $10,775 (down by $239)
Phone $18 (down by $18)
Student Loans
Loan 1 $4,039 (down by $3)
Loan 2 $4,962 (down by $2)
Loan 3 $8,160 (down by $3)
Loan 4 $5,547 (down by $6)
Loan 5 $5,638 (down by $6)
Loan 6 $4,517 (down by $7)
Loan 7 $7,649 (down by < 50 cents)
Loan 8 $4,441 (down by $7)
Loan 9 $8,053 (down by < 50 cents)
Loan 10 $3,474 (down by $2)
Loan 11 $8,060 (down by < 50 cents)
GRAND TOTAL (as of June 23, 2017)
$79,209.75
That means that we've paid off almost $11,000 in principal in about 5 months... I don't know if this is "fast enough." I know that there is no way that we are going to pay it all off in 24 months with our income at $62,400 for the year, but it sure is faster than what we were trying to do before.
The phone will be paid off by July 10th
Amazon should be paid off by August
The car should be paid by Feb, 2018 (1 year after we started).
After that, it's just the loans. Our debt snowball sheet has them being paid off in 2021. THAT'S CRAZY
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